Does anyone here dabble with real estate?

Radio news today said zillow and redfin are reporting 25% of listings have had their asking prices revised down, and 8% of listings have been pulled.
One a side note, I wonder when the sellers on FB Marketplace begin to realize their listing at 2-3 times present market value will never sell, unless their ask price gets closer to reality?

In R/E, when a seller over prices the home/ acreage/farm and it does not sell for a length of time, the phycological effect is that is scares off potential buyers. If overpriced, the seller needs to drop the price in a shirt- ish length of time. Same in our hobby. Who wants to call or should I say text on a project or even done car obviously way overpriced?